
E. Moral-Benito
"Determinants of Economic Growth: A Bayesian Panel Data Approach"
The Review of Economics and Statistics. 2012.
Balanced Panel over the period 1960-2000 for empirical growth regressions.
This version: June 2008.


Variables in the data set:


GRW_PWT:Dependent variable (source: PWT 6.2)
	Growth of per capita GDP over 5-year periods (2000 US dollars at PPP)

GRW_WB:Dependent variable (source: WDI 2005)
        Growth of per capita GDP over 5-year periods (2000 US dollars at PPP)

GDP_PWT:log Initial GDP (PWT 6.2)(IN)
	Logarithm of initial real GDP per capita (2000 US dollars at PPP)

GDP_WB:log Initial GDP (WDI 2005)(IN)
       Logarithm of initial real GDP per capita (2000 US dollars at PPP)

POP:Population (source PWT 6.2)(IN)
    Population in thousands of people

PGRW:Population Growth (source PWT 6.2)(AV)
     Average annual growth rate of population

IPR:Investment Price (source PWT 6.2)(AV)
    Average investment price level

OPEM:Opennes measure (source PWT 6.2)(AV)
     Export plus imports as a share of GDP

CSH:Consumption Share (source PWT 6.2)(AV)
    Consumption as a share of GDP

GSH:Government Share (source PWT 6.2)(AV)
    Government consumption as a share of GDP

ISH:Investment Share (source PWT 6.2)(AV)
    Investment as a share of GDP

LBF:Labor Force (source PWT 6.2)(IN)
    Ratio of workers to population

LEX:Life Expectancy (source WDI 2005)(IN)
    Life expectancy at birth

PDE:Population Density (source WDI 2005)(IN)
    Population divided by land area

URBP:Urban Population (source WDI 2005)(IN)
     Fraction of population living in urban areas

NWTR:Navigable Water (source Gallup et. al)
     Fraction of land area near navigable water

LND:Landlocked Country (source Gallup et. al)
    Dummy for landlocked countries

ADIS:Air Distance (source Gallup et. al)
     Logarithm of minimal distance in km from New York, Rotterdam, or Tokio

TAR:Tropical Area (source Gallup et. al)
    Fraction of land area in geographical tropics

TPOP:Tropical Population (source Gallup et. al)
     Fraction of population in geographical tropics

LAR:Land Area (source Gallup et. al)
    Area in km�

OPEI:Opennes Index (source: Sachs and Warner)
     Index of trade opennes from 1 (highest) to 0

INDP:Independence (source Gallup et. al)
     Timing of national independence measure: 0 if before 1914; 1 if between 1914 and 1945; 2 if between 1946 and 1989 and 3 if after 1989 

SOC:Socialist (source Gallup et. al)
    Dummy for countries under socialist rule for considerable time during 1950 to 1995

WAR:War Dummy (source: Barro and Lee)
    Dummy for countries that participated in external war between 1960 and 1990

CLI:CLimate (source Gallup et. al)
    Fraction of land area with tropical climate 

EU:Europe
   Dummy for EU countries

SAFR:Sub-Saharan Africa
     Dummy for Sub-Sahara African countries

LATM:Latin America
     Dummy for Latin American countries

EAS:East Asia
    Dummy for East Asian countries

MAL:Malaria (source Gallup et. al) (IN)
    Fraction of population in areas with malaria

P15:Population under 15 (source: Barro and Lee)(IN)
    Fraction of population younger than 15 years

P65:Population over 65 (source: Barro and Lee)(IN)
    Fraction of population older than 65 years

PED:Primary Education (source: Barro and Lee)(IN)
    Stock of years of primary education

SED:Secondary Education (source: Barro and Lee)(IN)
    Stock of years of secondary education

PR:Political Rights (source: Freedom House)(IN)
   Index of political rights from 1 (highest) to 7

CL:CIvil Liberties (source: Freedom House)(IN)
   Index of civil liberties from 1 (highest) to 7




*NOTES:
1.-(IN) refers to initial value for the 5-year period.
2.-(AV) refers to 5-year average. 
3.-Variables without neither (IN) nor (AV) are the same for all the years.